Can I retire at age 46 with 1,680,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$138,733$137,497$136,291$135,115$133,966$129,161
2 years$68,680$67,401$66,161$64,959$63,793$59,005
3 years$45,332$44,047$42,810$41,620$40,473$35,851
4 years$33,660$32,379$31,155$29,985$28,866$24,445
5 years$26,659$25,386$24,178$23,031$21,943$17,736
6 years$21,993$20,729$19,539$18,418$17,363$13,373
7 years$18,661$17,408$16,237$15,143$14,121$10,346
8 years$16,164$14,922$13,770$12,703$11,714$8,152
9 years$14,222$12,993$11,860$10,820$9,865$6,511
10 years$12,670$11,452$10,340$9,327$8,406$5,253
11 years$11,401$10,195$9,103$8,117$7,229$4,272
12 years$10,344$9,151$8,079$7,120$6,265$3,496
13 years$9,450$8,270$7,218$6,286$5,463$2,875
14 years$8,685$7,517$6,485$5,580$4,789$2,373
15 years$8,022$6,867$5,855$4,976$4,216$1,966
16 years$7,443$6,300$5,309$4,456$3,726$1,632
17 years$6,932$5,802$4,831$4,003$3,304$1,358
18 years$6,479$5,361$4,410$3,608$2,938$1,132
19 years$6,074$4,969$4,037$3,260$2,619$945
20 years$5,710$4,617$3,705$2,953$2,339$790
21 years$5,381$4,301$3,408$2,680$2,093$661
22 years$5,082$4,015$3,141$2,436$1,876$554
23 years$4,810$3,755$2,900$2,219$1,684$464
24 years$4,560$3,518$2,682$2,024$1,514$389
25 years$4,331$3,302$2,484$1,848$1,362$326
26 years$4,120$3,103$2,304$1,690$1,227$274
27 years$3,925$2,920$2,139$1,547$1,106$230
28 years$3,744$2,752$1,989$1,417$998$193
29 years$3,576$2,596$1,851$1,300$901$162
30 years$3,420$2,452$1,724$1,193$814$136
31 years$3,274$2,318$1,607$1,095$736$115
32 years$3,137$2,193$1,500$1,007$666$96
33 years$3,009$2,077$1,400$926$603$81
34 years$2,888$1,968$1,308$852$546$68
35 years$2,775$1,867$1,223$784$494$57
36 years$2,668$1,772$1,144$722$448$48
37 years$2,567$1,683$1,071$665$406$40
38 years$2,472$1,599$1,003$613$368$34
39 years$2,382$1,521$940$565$334$29
40 years$2,297$1,447$881$522$303$24
41 years$2,216$1,377$826$481$275$20
42 years$2,139$1,312$775$444$249$17
43 years$2,066$1,250$727$410$226$14
44 years$1,996$1,191$682$379$205$12
45 years$1,930$1,136$641$350$186$10
46 years$1,866$1,084$602$323$169$8
47 years$1,806$1,034$565$298$154$7
48 years$1,748$987$531$276$140$6
49 years$1,693$943$499$255$127$5
50 years$1,640$901$469$235$115$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,680,000, adding $6,676 every year, while hoping to spend $20,823 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 27/44/29 Blend
45$1,680,000$1,680,000$1,680,000$1,680,000
46$1,858,246$1,769,206$1,743,166$1,891,546
47$2,025,632$1,833,742$1,779,407$1,983,706
48$2,209,393$1,900,742$1,816,164$2,080,365
49$2,411,178$1,970,305$1,853,432$2,183,724
50$2,632,802$2,042,534$1,891,206$2,294,369
51$2,876,266$2,117,536$1,929,479$2,412,943
52$3,143,773$2,195,424$1,968,245$2,540,152
53$3,437,751$2,276,313$2,007,495$2,676,769
54$3,760,874$2,360,325$2,047,218$2,823,643
55$4,116,089$2,447,586$2,087,405$2,981,706
56$4,506,641$2,538,229$2,128,044$3,151,980
57$4,936,107$2,632,390$2,169,122$3,335,591
58$5,408,427$2,730,214$2,210,625$3,533,771
59$5,927,941$2,831,849$2,252,536$3,747,877
60$6,499,434$2,937,453$2,294,838$3,979,400
61$7,128,174$3,047,186$2,337,513$4,229,975
62$7,819,968$3,161,219$2,380,540$4,501,404
63$8,581,214$3,279,728$2,423,898$4,795,665
64$9,418,961$3,402,897$2,467,562$5,114,932
65$10,340,976$3,530,920$2,511,506$5,461,599
66$11,355,817$3,663,996$2,555,702$5,838,295
67$12,472,913$3,802,335$2,600,121$6,247,914
68$13,702,655$3,946,154$2,644,730$6,693,640
69$15,056,493$4,095,683$2,689,495$7,178,972
70$16,547,041$4,251,157$2,734,379$7,707,764
71$18,188,201$4,412,825$2,779,343$8,284,255
72$19,995,290$4,580,946$2,824,343$8,913,107
73$21,985,186$4,755,790$2,869,336$9,599,456
74$24,176,489$4,937,638$2,914,273$10,348,950
75$26,589,693$5,126,783$2,959,102$11,167,808
76$29,247,380$5,323,534$3,003,771$12,062,874
77$32,174,436$5,528,210$3,048,220$13,041,684
78$35,398,282$5,741,146$3,092,389$14,112,532
79$38,949,134$5,962,690$3,136,212$15,284,550
80$42,860,291$6,193,208$3,179,620$16,567,794
81$47,168,444$6,433,078$3,222,541$17,973,335
82$51,914,025$6,682,698$3,264,896$19,513,362
83$57,141,589$6,942,484$3,306,603$21,201,300
84$62,900,233$7,212,868$3,347,576$23,051,931
85$69,244,060$7,494,302$3,387,723$25,081,534
86$76,232,690$7,787,258$3,426,947$27,308,037
87$83,931,820$8,092,229$3,465,146$29,751,185
88$92,413,849$8,409,732$3,502,212$32,432,725
89$101,758,556$8,740,303$3,538,030$35,376,609
90$112,053,855$9,084,504$3,572,480$38,609,218
91$123,396,627$9,442,923$3,605,437$42,159,612
92$135,893,629$9,816,173$3,636,765$46,059,797
93$149,662,508$10,204,894$3,666,326$50,345,033
94$164,832,906$10,609,756$3,693,970$55,054,158
95$181,547,686$11,031,458$3,719,542$60,229,955
96$199,964,282$11,470,731$3,742,878$65,919,556
97$220,256,180$11,928,339$3,763,806$72,174,881
98$242,614,562$12,405,078$3,782,145$79,053,128
99$267,250,104$12,901,784$3,797,704$86,617,309
100$294,394,971$13,419,328$3,810,283$94,936,846